GrafTech International Ltd.'s Board approved the permanent closure of its graphite electrode and pin manufacturing facility in Monterrey, Mexico, to align capacity with market conditions. Employee notifications began August 31, 2026, with production winding down through early Q2 2027. The company estimates $20 million to $25 million in one-time cash expenditures, including approximately $10.0 million for environmental and closure costs and $11.5 million for severance. This restructuring aims to improve manufacturing utilization and reduce the cost structure by concentrating production at larger facilities. GrafTech International Ltd. operates in the graphite electrodes industry.

GrafTech International Ltd. reported second quarter 2026 results with net sales of $127 million, a 3% year-over-year decrease, and a net loss of $40 million, or $1.54 per share. Sales volume grew 8% year-over-year to 30.8 thousand metric tons, though weighted-average realized pricing fell 7% to approximately $3,900 per MT. The company drew the remaining $100 million from its delayed draw first lien term loan facility in June 2026, ending the period with total liquidity of $253 million. GrafTech reaffirmed its full-year 2026 sales volume growth expectation of 5% to 10% and expects a low single-digit percentage-point decline in cash cost of goods sold per MT. The company operates as a manufacturer of graphite electrode products used in electric arc furnace steelmaking and other metal production.